Assignment:
Write an analytical summary of your learning outcomes from chapters . In addition to your analytical summary, address the following:
1. As a manager, discuss how you would use or have used the concepts presented in chapters .
2. Why might managers find a flexible-budget analysis more informative than static-budget analysis?
3. How might a manager gain insight into the causes of flexible-budget variances for direct materials, labor and overhead?
Reference chapter:
flexible Budgets and performance Analysis
Standard Costs and Variances .